Hangzhou Grascent (SHE:301688) scheduled the online roadshow on Aug. 19, Wednesday, for its initial public offering on the Shenzhen Stock Exchange's ChiNext Market, according to a Tuesday bourse filing.

The Chinese fragrance manufacturer will offer 33.3 million shares, with the online strategic placement offering 10 million shares, which is 30% of the total number of offered shares.

The subscription amount expected from investors participating in the strategic placement will not exceed 85 million yuan. A clawback mechanism, where the initial number of shares will be clawed back to the offline offering, will be activated if the subscription for the online offering exceeds the bourse's threshold of 100 times.